The Magician’s Memorial - Chapter 42



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Episode 42. Same dream (3)

“I think you should dispose of Hanbo Group’s stocks first. “If it’s still not enough, I’ll take pictures of a few more companies.”

“Is there any problem with Hanbo Group? Hanbora is the 14th largest company in the business world. And the real estate owned by Hanbo is enormous.”

Everyone tends to think that way.

They say real estate tycoons never go bankrupt.

However, Hanbo was not only engaged in the land business.

“Do you know why Hanbo started the real estate business?”

“It’s a famous story that a brave fortune teller started a real estate business because he heard he could make money doing dirt-related work.”

“But the fortune teller told me to touch iron powder this time.”

“That story is also famous. “Isn’t that why Hanbo started the steel mill business?”

A person who is the head of a large company leaves his fate to the words of a fortune teller.

But everyone used to do business that way.

Some companies even openly appointed fortune tellers as interviewers when interviewing new employees.

“If you run a company just by listening to what the salesman says, will it run properly?”

“Hanbo Group has already made a lot of money through real estate and apartment businesses. “Do I have to fail just because I run a steel mill business?”

“If you do business properly, it won’t go bankrupt. “The company is so corrupt that it is destined to go bankrupt within two years.”

Hanbo was even better than Taewo Group.

In some ways, it was a group that had many similarities.

This is because it was a case of raising the ranking of the business world through expansion of the octopus system.

The difference is that my grandfather moved quickly and had already expanded sufficiently.

Of course, even if that were the case, it would still be ruined if a foreign exchange crisis occurred.

“Do you really think Hanbo will fail? “Is it your opinion or is it Wall Street’s information?”

“It’s both. “If you lose money by selling your Hanbo stocks, I will compensate you in full, so don’t worry, you can exchange Taewoo Group’s stocks and Hanbo stocks.”

“Since you are so confident, I will sell all of your Hanbo stocks and corporate bonds to the Myeong-dong guys.”

“This information is also confidential.”

“I told you not to worry. “My mouth won’t open even when I go to the underworld.”

Thanks to the help of Gwanghwamun Bear, he now owns 15 percent of Taewoo Electronics stock.

SAVE Investment Company is also buying and collecting Taewoo Electronics shares in the metallurgy industry, so I was able to become the owner of Taewoo Electronics the moment I received Taewoo Electronics shares from my grandfather.

* * *

About fifteen days had passed.

A team leader flew to Korea again.

To be exact, he came to Korea briefly to report to me before going to Japan.

“Mr. Representative, Japanese companies are very anxious. “All the companies that signed derivatives contracts with us sent people to the United States.”

“The Japanese stock market is falling a lot.”

The decline in the Japanese stock market became even steeper.

This was faster than the history I knew, and it could be seen that the derivatives I had created had encouraged the downward trend.

You could tell just by looking at the company’s stock that it was falling.

In the case of companies that signed derivatives contracts, their stock prices fell more than twice as fast as other companies.

Rumors about derivatives contracts had already spread not only to the United States but also to Japan.

And there was another reason. It was a quick move on Wall Street.

“As Wall Street begins to attack the yen intensively, it appears that stocks are falling as well.”

“Derivatives and the yen are being pounded without giving us time to breathe.”

“Isn’t it a hyena? “These are people who bite more when their opponent shows signs of weakness.”

“Then Japanese companies will soon be begging for help.”

“In the case of TDK, which you are interested in, the president himself visited the United States.”

Stock prices continued to fall.

If stock prices continue to fall like this for a few more months.

TDK Group had to sell off important affiliates, and if it wasn’t enough, it was on the verge of bankruptcy.

“We can’t allow a decent company to fail. “We just take a few things and get rid of the derivatives contract.”

“What do you mean when you say a few things? I know you want to acquire the battery business. But the battery business alone is not enough.”

“Please sweep up all of TDK’s patents related to mobile phone components to the battery business. And please bring some cash as well. “We still lose money, but we have to be satisfied with this.”

TDK was a company with a long history.

It was a company that had been making electronic components since 1935, and it was a company that had a lot to leave out.

Naturally, the battery division related to secondary batteries was the most profitable.

Various audio device patents and mobile phone component technologies were also technologies worth capturing.

It was a company with a lot of technology.

It was also a company that would never have gone bankrupt if it had not signed a derivatives contract with me or if the Kobe earthquake had not occurred.

“Can I just get the patent and technology? “If you look at the scale of derivatives, we might bring in a few more businesses.”

“We need to maintain a good relationship going forward, but we can’t do that. Instead, the battery business must be taken seriously.”

“It is better for TDK to defend itself with one business and a few patents than to go bankrupt, so we will not reject it.”

“If we take over the battery business, please support SAVE Investment Company so that we can continue to research batteries in collaboration with professors.”

“Wasn’t TDK’s battery business being acquired by Taewoo Group?”

Someday, it will have to be owned by Taewoo Group.

Not now. Why not organize the affiliates as much as possible and proceed with mergers and acquisitions while I am in a higher position?

“If Taewoo Group catches us, we will be in trouble. “Problems may arise between the Japanese government and the Korean government.”

“Because I live only in the United States, I didn’t think about such problems.”

“Once negotiations with TDK are over, proceed with negotiations with other companies. You can secure as much original technology and patents related to mobile phones as possible. Also, secure patents related to sound and video.”

“I know about mobile phone patents, but what do sound and video patents have to do with mobile phones?”

I listen to music and watch movies on my phone.

It was natural before the regression, but now cell phones are specialized only for calls and text messages.

Since this perception was strong, it was an opportunity to secure such original technology for a small amount of money.

“There will be a place for it all someday.”

“All right. “I will receive all patents and receive the remaining portion in cash or bonds.”

“If that happens, how much will SAVE Investment Company’s funds increase?”

“The exact amount cannot be determined because the compensation has not yet been properly settled, but as a rough estimate, it is likely to exceed $40 billion.”

$40 billion was equivalent to 28 trillion won.

However, the current exchange rate is only 700 won.

If a foreign exchange crisis occurs in just 1-2 years, the exchange rate will exceed 1,900 won.

Even if you just hold the dollar still, 28 trillion won will increase nearly 2.7 times to 75 trillion won.

Of course, this was only possible in theory.

However, it was certain that the profit would be at least doubled.

With that amount, I could select and acquire the company I wanted, and it was enough money to proceed with the big picture I had drawn.

* * *

next day.

As soon as I went to work at the research center, I sent the entire mobile phone production team to the Incheon factory.

I then spent some time looking around the patent team.

When I finished my morning routine without much incident, an unexpected person came to me.

“Director, Director Seo Moon-ki of the Taewoo Scholarship Foundation has come to visit.”

“Ask them to come in.”

I forgot about it for a while.

I was the director of the Taewo Group Research Center and the chairman of the Taewo Scholarship Foundation.

It was a title I had had since I was attending college in the U.S., and now that it was running well without me doing much, I had forgotten about it for a while.

“Director, it’s been a while since I saw you.”

“Manager Seo, are you okay? Thanks to the manager, the scholarship foundation is running well. “I am always grateful.”

“Thank you so much for thinking that way. The manager had made the system so perfect that there was nothing for me to do anything about. However, this time, a company that wants to make a fairly large investment would like to come to the scholarship foundation and discuss it.”

Scholarship foundations usually provide scholarships to students.

So, although it is relatively unknown, the scholarship foundation also provides support to venture companies.

“If it’s a project that Manager Seo himself brought in, it seems to be a pretty good item.”

“It’s not that I couldn’t make a decision because it was a field I didn’t know anything about. Have you ever heard of MP3? They say that music can be played as computer files rather than CDs or cassettes, but it is difficult for me to judge since this is my first time hearing it.”

ah! MP3!

I knew very well how MP3 would change the world.

And since we are making mobile phones, we knew that MP3 would be included in the next version of mobile phones and smartphones.

But there has already been an attempt to make an MP3 player.

I didn’t expect this until now.

As far as I know, MP3 players would not be released until 2-3 years later.

So I thought there was still time, but a company came out that was already preparing.

“What is the name of the company?”

“It’s called a digital case. “It’s a new company that hasn’t been around for a long time.”

Digital case.

It was a name that stayed in my memory.

The company created the world’s first MP3 player, but lost its patents related to MP3 players to foreign countries due to the foreign exchange crisis and business failure.

Even before the regression, few people knew that Korea was the first country to manufacture MP3 players.

This was because, like the message pad, it was a product ahead of its time.

When music files began to be shared over the Internet, the product that sold like hotcakes was the MP3 player.

“How much investment do you want to receive?”

“We are hoping to invest 100 million won, and we are hoping that Taewoo Electronics will handle production, distribution and marketing. “In return, we will jointly own all patent rights.”

Only 100 million won.

Of course, they say they will leave the production, distribution, and marketing, which cost a lot of money, to us.

Still, it was very cheap considering the condition of joint ownership of the patent rights.

I even created a derivative product to obtain patent rights from a Japanese company.

However, if you provide production support for just 100 million won, they will jointly own the patent rights.

“I want to meet the CEO of Digital Case right now. Please make room for us.”

“I will contact you right away.”

It was difficult for venture companies to receive proper investment.

In the case of the United States, there were various investors, including Wall Street, but this was not the case in Korea.

And even if small businesses or venture companies created good ideas, they were often stolen by large corporations, making it difficult for them to succeed.

Nevertheless, it was a structure that had no choice but to hope for support from large corporations.

Digital Case CEO Hwang Young-cheol rushed to the research center as soon as he received the call.

“hello. “This is Hwang Young-cheol, CEO of Digital Case.”

“You are the person who created the idea of ​​the MP3 player. It was an idea that I really liked. “I will invest.”

I didn’t waste time.

President Hwang Young-cheol immediately told me what he wanted to hear the most.